Central Ohio Real Estate Update: December 2017

Winter is officially here, but what does this mean for the real estate market in Central Ohio? Well, as it turns out, not much has changed. The number of homes for sale continues to fall, and prices continue to rise.

In fact, home prices rose 7.7% from November 2016 to November 2017! This is mostly due to the lack of inventory available. Only 2,101 new homes and condos were listed last month, a 5% decline from November 2016. As of December 20, this leaves just 3,973 homes actively for sale in Central Ohio. To put that into perspective, there are 3,196 homes currently under contract.

But despite this decline in inventory, homes are still selling and selling fast! Over 2,300 homes closed last month, which is a new record for the month of November. And average days on market was just 36, a 14% decline from 2016, and an incredible 56% decline from 2012.

Next month we’ll release the final statistics for 2017 as a whole, so stay tuned for more information!

For a detailed report on your neighborhood, contact The Alfriend Group today at (614) 395-1776 or email us at info@alfriendgroup.com.

About The Alfriend Group

Kyle Alfriend has been selling and marketing homes for over 20 years, successfully selling and buying homes in a variety of market conditions. He has sold over 1,200 homes, totaling over $250 million in homes sales. In Dublin, he has sold more homes that anyone ever. He has represented the areas largest builders, built his own homes, and owns and manages several investment properties. He has been awarded the "Top 10 M.A.M.E. Award (Major Achievements in Marketing Excellence) by the building and Realtor associations every year since 1993. He believes that everyone deserves the very best in knowledge, experience, and integrity when buying or selling their home. The Alfriend Group was started 5 years ago as a real estate team of professionals, specializing in buying/selling homes, property management, and real estate investments. For more information, call us today at (614) 395-1776.

Central Ohio Real Estate, Columbus Ohio

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